China's Validity Of Monetary Policy Under The Impact Of The International Financial Crisis

Monetary policy really plays the role of macro-control after Keynesian revolution in 30 years of the 20th century. Since then, the validity of monetary policy has been the domestic and foreign scholars'focus of debate. After established central bank system in 1984, China has been implemented monetary policy. In the past 20 years of practice, monetary policy have increasingly shown the role in maintaining economic stability in China, it has became an important means of macroeconomic control.September 2008, the global financial crisis broke out triggered by the U.S. subprime mortgage crisis. During the period, countries have adopted a series of response measures to reduce the economic shocks or want to more quickly leave the impact of the financial crisis. So adjusted the monetary policy it becomes a national way to deal with the financial crisis. China has taken a moderately easy monetary policy response to the international financial crisis. How to evaluate the validity of moderately easy monetary policy, face of new economic situation, how to adjust and improve moderately easy monetary policy, this article has a preliminary study on these issues.This article argues that in the international financial crisis, the moderately easy monetary policy of China is effective, and has a positive effect on economic development of our country. Moderately easy monetary policy laid a good foundation for China in the international financial crisis about economic stability. Of course, our country's moderately easy monetary policy is facing new challenges. In order to overcome possible problems, the article proposed author's initial ideas on how to adjust and improve our moderately easy monetary policy, including efforts to increase monitoring of credit funds, strictly control the money supply, continued to expand domestic demand, establishment the coordination mechanism between fiscal policy and monetary policy, strengthening the coordination of national monetary policies and so on.